This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. Unstoppable Domains Contract Address… These domains can not only be used as completely practical websites, with decentralized applications (dApps) integrated, but likewise as a payment hub address where users can get over 275 different crypto coins and tokens. By giving intricate crypto addresses a human legible name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain names is a san francisco-based business that is offering domain name extensions that are tied to the blockchain instead of being tied to the dns system specifically you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is controlled and operated by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or permission you as the owner own your domain so in this video i want to describe to you everything that you need to called a newbie about unstoppable domain make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration actually work i think
people are going to be rather surprised that it’s way more complex and technical than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain name what you’re doing is you’re releasing the domain through a icann accredited domain name register why do i say i can accredit because you can’t get your domain names directly from i can which is again the not-for-profit organization that handles the dns system you have to go through an icann licensed domain name register in order to get a domain which’s simply how it works like you resemble why do i have to do that i don’t understand why asking me those are just the rules and that’s what people have actually been doing for the last few decades in order to get a domain name so that’s why you need to pay an annual fee on your domain names
technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i say i can accredit because you can’t get your domain straight from i can which is once again the not-for-profit company that handles the dns system you need to go through an icann licensed domain register in order to get a domain and that’s just how it works like you resemble why do i need to do that i don’t understand why asking me those are just the guidelines which’s what people have been doing for the last few years in order to get a domain name so that’s why you need to pay a yearly cost on your domain names due to the fact that you’re not actually purchasing an owning domain name what you’re doing is leasing their domain name so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the registry that manages that domain extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension is a verisign for example so all these different domain extensions have various pc registries and the role of the computer system registry is just to manage the administrative information for that specific domain name nft domain versus the traditional dns system what’s the difference well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that particularly imply a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a special digital item in this circumstances our domain dot crypto versus dot zill what’s the difference with these 2 so if you jump over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you ought to already sort of understand why since those are handled by verisign
which is a domain name computer registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can just get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these 2 are connected to different block chains that’s it so you have your dot crypto which is tied to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more industrialized and you have a bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain names obviously with time as like we have decentralized webhosting establish over time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to produce your own decentralized site currently it’s not truly possible i indicate you can do it but it’s quite technical uh but what’s more crucial is that you can establish your dot crypto address or your dot zill address as a payment gateway so what a great deal of beginners i believe don’t understand is like when you have bitcoin you need to send it to a specific bitcoin address if you have white coin you have to send out that to a litecoin address if you have bitcoin cash you need to send it to a bitcoin cash address and so it gets to be a little bit of a headache of managing all these various addresses and if you want to get payment from particular individuals you need to give them this address and this address and this address it’s actually a headache like what if there’s just some method to combine whatever into something that’s a bit more rational easy to use and easy to bear in mind that’s the advantage of using unstoppable domain names and establishing something like dot crypto dot zill as a payment gateway because then you can receive payments and of all different types of cryptocurrency to one address because when you get whatever established you simply delve into your unstoppable domain account and then you can include your various wallets for your various cryptocurrencies.
There is only one genuine possible dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.